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Profiting From Crime | Scoop News


Police officers are upset by the Government s funding of
a gang-led methamphetamine programme and the NZ Police
Association has totally rejected the proposed $2.75m funding
for gang-led meth programme.
Prime Minister Jacinda
Ardern defended the $2.75 million used (from proceeds of
crime funding), which was given to a Mongrel Mob-led meth
rehabilitation programme. She admitted that she had been one
of the ministers involved in making the decision to fund
it.
The Prime Minister stated that she was
comfortable using millions from crime proceeds to fund
gang-led meth rehab
However, the New Zealand Police
Association is opposed to the payment.
Association ....

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AM Best Affirms Credit Ratings of Police Health Plan Limited


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AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Police Health Plan Limited (PHP) (New Zealand). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect PHP’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. In addition, the ratings factor in a neutral impact from the company’s ultimate ownership by the New Zealand Police Association (NZPA).
PHP’s balance sheet strength assessment is underpinned by its risk-adjusted capitalisation, which remains at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR). This reflects the company’s moderate underwriting leverage and conservative investment approach. As a not-for-profit insurer, AM Best views t ....

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